XML 20 R17.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Significant Accounting Policies (Tables)
 6 Months Ended
Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
 
For the Three Months Ended December 31,
 
For the Six Months Ended December 31,
 
2019
 
2018
 
2019
 
2018
Stock options
213,000

 
213,000

 
213,000

 
213,000

Convertible preferred stock
4,946,531

 
4,602,532

 
4,946,531

 
4,602,532

Total potential dilutive securities not included in income per share
5,159,531

 
4,815,532

 
5,159,531

 
4,815,532

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect
on earnings per share.
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
 
For the Three Months Ended December 31,
 
For the Six Months Ended December 31,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
  Numerator for basic loss per share:
 
 
 
 
 
 
 
 Net loss
$
(675,343
)
 
$
(217,983
)
 
$
(53,970
)
 
$
(265,719
)
Undeclared dividends on preferred stock
13,006

 
13,006

 
26,012

 
26,011

Net loss applicable to common shareholders
$
(688,349
)
 
$
(230,989
)
 
$
(79,982
)
 
$
(291,730
)
Numerator for diluted earnings per share:
 
 
 
 
 
 
 
Net loss applicable to common shareholders
$
(688,349
)
 
$
(230,989
)
 
$
(79,982
)
 
$
(291,730
)
Undeclared dividends on preferred stock
13,006

 
13,006

 
26,012

 
26,011

Net loss
$
(675,343
)
 
$
(217,983
)
 
$
(53,970
)
 
$
(265,719
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic loss per share - weighted average shares outstanding

7,415,329

 
7,415,329

 
7,415,329

 
7,415,329

Weighted average preferred stock converted to common stock
—

 
—

 


 
—

 Denominator for diluted loss per share - weighted average and assumed conversion
7,415,329

 
7,415,329

 
7,415,329

—

7,415,329

Net loss per share:
 
 
 
 
 
 
 
Basic net loss per share
$
(0.09
)
 
$
(0.03
)
 
$
(0.01
)
 
$
(0.04
)
Diluted net loss per share
$
(0.09
)
 
$
(0.03
)
 
$
(0.01
)
 
$
(0.04
)
Schedule of Inventory, Current [Table Text Block]
 
December 31,
 
June 30,
(in thousands)

2019
 
2019
Inventories, net:
 
 
 
        Raw Material
$
887

 
$
875

        Work-In-Process
183

 
225

        Finished Goods
894

 
779

Total
$
1,964

 
$
1,879
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]
(in thousands)
 
Three Months Ended December 31,
 
 
Six Months Ended December 31,
 
 
2019
 
2018
 
2019
 
2018
Beginning of Period
 
$
426

 
$
498

 
$
427

 
$
481

Additions
 
452

 
207

 
687

 
459

Revenue Recognized
 
242

 
239

 
478

 
474

End of Period
 
636

 
$
466

 
$
636

 
$
466